French investment group Wendel, whose net profit fell from €333.7 million (US$358.33 million) in 2013 to €19.7 million in 2014, aims to strengthen its position in the US.
It has set a priority of investing in unlisted companies, and since 2013 Wendel has invested €1.5 billion in unlisted companies, with notably the recent purchase of Austrian group Constantia Flexibles.
While the group has sold parts of its stakes in Bureau Veritas and
It notes that the refocusing on unlisted companies will not mean any further reduction of its stakes in Saint-Gobain or Bureau Veritas.
